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亚马逊（AMZN）与Designer Brands Inc.（DBI）财务数据对比。点击上方公司名可切换其他公司
亚马逊的季度营收约是Designer Brands Inc.的283.6倍（$213.4B vs $752.4M）。亚马逊净利率更高（9.9% vs 2.4%，领先7.5%）。亚马逊同比增速更快（13.6% vs -3.2%）。亚马逊自由现金流更多（$14.9B vs $57.5M）。过去两年亚马逊的营收复合增速更高（22.0% vs -0.1%）
亚马逊是全球知名的综合电商与科技企业，业务覆盖北美及全球多个地区，设有北美零售、国际零售、亚马逊云科技（AWS）三大业务板块。除运营线上线下零售渠道、提供消费商品售卖与订阅服务外，也为第三方卖家提供销售平台，还自主研发销售Kindle、Fire平板等电子设备。
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
AMZN vs DBI — 直观对比
营收规模更大
AMZN
是对方的283.6倍
$752.4M
营收增速更快
AMZN
高出16.8%
-3.2%
净利率更高
AMZN
高出7.5%
2.4%
自由现金流更多
AMZN
多$14.9B
$57.5M
两年增速更快
AMZN
近两年复合增速
-0.1%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $752.4M |
| 净利润 | $21.2B | $18.2M |
| 毛利率 | 48.5% | 45.1% |
| 营业利润率 | 11.7% | 5.7% |
| 净利率 | 9.9% | 2.4% |
| 营收同比 | 13.6% | -3.2% |
| 净利润同比 | 5.9% | 40.0% |
| 每股收益（稀释后） | $1.95 | $0.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMZNDBI
| Q4 25 | $213.4B | $752.4M | ||
| Q3 25 | $180.2B | $739.8M | ||
| Q2 25 | $167.7B | $686.9M | ||
| Q1 25 | $155.7B | $713.6M | ||
| Q4 24 | $187.8B | $777.2M | ||
| Q3 24 | $158.9B | $771.9M | ||
| Q2 24 | $148.0B | $746.6M | ||
| Q1 24 | $143.3B | $754.3M |
净利润AMZNDBI
| Q4 25 | $21.2B | $18.2M | ||
| Q3 25 | $21.2B | $10.8M | ||
| Q2 25 | $18.2B | $-17.4M | ||
| Q1 25 | $17.1B | $-38.2M | ||
| Q4 24 | $20.0B | $13.0M | ||
| Q3 24 | $15.3B | $13.8M | ||
| Q2 24 | $13.5B | $783.0K | ||
| Q1 24 | $10.4B | $-29.6M |
毛利率AMZNDBI
| Q4 25 | 48.5% | 45.1% | ||
| Q3 25 | 50.8% | 43.7% | ||
| Q2 25 | 51.8% | 43.0% | ||
| Q1 25 | 50.6% | 75.7% | ||
| Q4 24 | 47.3% | 43.0% | ||
| Q3 24 | 49.0% | 44.0% | ||
| Q2 24 | 50.1% | 44.2% | ||
| Q1 24 | 49.3% | 38.8% |
营业利润率AMZNDBI
| Q4 25 | 11.7% | 5.7% | ||
| Q3 25 | 9.7% | 3.6% | ||
| Q2 25 | 11.4% | -1.1% | ||
| Q1 25 | 11.8% | -3.6% | ||
| Q4 24 | 11.3% | 2.9% | ||
| Q3 24 | 11.0% | 3.7% | ||
| Q2 24 | 9.9% | 1.3% | ||
| Q1 24 | 10.7% | -4.8% |
净利率AMZNDBI
| Q4 25 | 9.9% | 2.4% | ||
| Q3 25 | 11.8% | 1.5% | ||
| Q2 25 | 10.8% | -2.5% | ||
| Q1 25 | 11.0% | -5.3% | ||
| Q4 24 | 10.7% | 1.7% | ||
| Q3 24 | 9.6% | 1.8% | ||
| Q2 24 | 9.1% | 0.1% | ||
| Q1 24 | 7.3% | -3.9% |
每股收益（稀释后）AMZNDBI
| Q4 25 | $1.95 | $0.35 | ||
| Q3 25 | $1.95 | $0.22 | ||
| Q2 25 | $1.68 | $-0.36 | ||
| Q1 25 | $1.59 | $-0.69 | ||
| Q4 24 | $1.86 | $0.24 | ||
| Q3 24 | $1.43 | $0.24 | ||
| Q2 24 | $1.26 | $0.01 | ||
| Q1 24 | $0.98 | $-899.54 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $123.0B | $51.4M |
| 总债务越低越好 | $68.8B | $463.1M |
| 股东权益账面价值 | $411.1B | $298.6M |
| 总资产 | $818.0B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资AMZNDBI
| Q4 25 | $123.0B | $51.4M | ||
| Q3 25 | $94.2B | $44.9M | ||
| Q2 25 | $93.2B | $46.0M | ||
| Q1 25 | $94.6B | $44.8M | ||
| Q4 24 | $101.2B | $36.2M | ||
| Q3 24 | $88.1B | $38.8M | ||
| Q2 24 | $89.1B | $43.4M | ||
| Q1 24 | $85.1B | $49.2M |
总债务AMZNDBI
| Q4 25 | $68.8B | $463.1M | ||
| Q3 25 | $55.1B | $509.6M | ||
| Q2 25 | $56.1B | $516.2M | ||
| Q1 25 | $58.8B | $484.3M | ||
| Q4 24 | $58.0B | $529.6M | ||
| Q3 24 | $60.5B | $459.0M | ||
| Q2 24 | $62.7B | $469.3M | ||
| Q1 24 | $66.9B | $420.3M |
股东权益AMZNDBI
| Q4 25 | $411.1B | $298.6M | ||
| Q3 25 | $369.6B | $280.8M | ||
| Q2 25 | $333.8B | $266.9M | ||
| Q1 25 | $305.9B | $278.5M | ||
| Q4 24 | $286.0B | $318.5M | ||
| Q3 24 | $259.2B | $355.5M | ||
| Q2 24 | $236.4B | $358.5M | ||
| Q1 24 | $216.7B | $359.2M |
总资产AMZNDBI
| Q4 25 | $818.0B | $2.1B | ||
| Q3 25 | $727.9B | $2.1B | ||
| Q2 25 | $682.2B | $2.1B | ||
| Q1 25 | $643.3B | $2.0B | ||
| Q4 24 | $624.9B | $2.1B | ||
| Q3 24 | $584.6B | $2.1B | ||
| Q2 24 | $554.8B | $2.2B | ||
| Q1 24 | $531.0B | $2.1B |
负债/权益比AMZNDBI
| Q4 25 | 0.17× | 1.55× | ||
| Q3 25 | 0.15× | 1.81× | ||
| Q2 25 | 0.17× | 1.93× | ||
| Q1 25 | 0.19× | 1.74× | ||
| Q4 24 | 0.20× | 1.66× | ||
| Q3 24 | 0.23× | 1.29× | ||
| Q2 24 | 0.27× | 1.31× | ||
| Q1 24 | 0.31× | 1.17× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $54.5B | $66.5M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $57.5M |
| 自由现金流率自由现金流/营收 | 7.0% | 7.6% |
| 资本支出强度资本支出/营收 | 18.5% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.57× | 3.65× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $99.9M |
8季度趋势，按日历期对齐
经营现金流AMZNDBI
| Q4 25 | $54.5B | $66.5M | ||
| Q3 25 | $35.5B | $21.4M | ||
| Q2 25 | $32.5B | $-20.4M | ||
| Q1 25 | $17.0B | $70.1M | ||
| Q4 24 | $45.6B | $-9.8M | ||
| Q3 24 | $26.0B | $41.6M | ||
| Q2 24 | $25.3B | $-19.7M | ||
| Q1 24 | $19.0B | $-40.1M |
自由现金流AMZNDBI
| Q4 25 | $14.9B | $57.5M | ||
| Q3 25 | $430.0M | $11.9M | ||
| Q2 25 | $332.0M | $-27.6M | ||
| Q1 25 | $-8.0B | $58.1M | ||
| Q4 24 | $17.8B | $-19.2M | ||
| Q3 24 | $3.4B | $28.0M | ||
| Q2 24 | $7.7B | $-35.6M | ||
| Q1 24 | $4.1B | $-52.8M |
自由现金流率AMZNDBI
| Q4 25 | 7.0% | 7.6% | ||
| Q3 25 | 0.2% | 1.6% | ||
| Q2 25 | 0.2% | -4.0% | ||
| Q1 25 | -5.1% | 8.1% | ||
| Q4 24 | 9.5% | -2.5% | ||
| Q3 24 | 2.1% | 3.6% | ||
| Q2 24 | 5.2% | -4.8% | ||
| Q1 24 | 2.8% | -7.0% |
资本支出强度AMZNDBI
| Q4 25 | 18.5% | 1.2% | ||
| Q3 25 | 19.5% | 1.3% | ||
| Q2 25 | 19.2% | 1.1% | ||
| Q1 25 | 16.1% | 1.7% | ||
| Q4 24 | 14.8% | 1.2% | ||
| Q3 24 | 14.2% | 1.8% | ||
| Q2 24 | 11.9% | 2.1% | ||
| Q1 24 | 10.4% | 1.7% |
现金转化率AMZNDBI
| Q4 25 | 2.57× | 3.65× | ||
| Q3 25 | 1.68× | 1.98× | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 2.28× | -0.75× | ||
| Q3 24 | 1.69× | 3.01× | ||
| Q2 24 | 1.87× | -25.13× | ||
| Q1 24 | 1.82× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMZN
| Products | $90.0B | 42% |
| Third Party Seller Services | $52.8B | 25% |
| Other | $49.9B | 23% |
| Subscription Services | $13.1B | 6% |
| Physical Stores | $5.9B | 3% |
| Other Services | $1.7B | 1% |
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
